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- 1/10/2025 -
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Aon Corp. (AON) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance lineBroken trend support line
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldMACD bullish divergenceThe price touches the lower Bollinger Band
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It was the negative week for the Aon Corp. (AON). During the week, the AON dropped -4.50 points, or -1.27%, and closed at 349.50 on Friday, January 10, 2025. AON was trading at average weekly trading volume.

AON is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See AON long-term trend chart]
A long-term uptrend had started on August 8, 2002 at 13.30 and reached 395.30 on November 27, 2024. AON gained -382.00 points, or -2872.18%, in 1163 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (82.86) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See AON medium-term trend chart]
A medium-term uptrend had started on April 26, 2024 at 268.06 and reached 395.30 on November 27, 2024. AON gained -127.24 points, or -47.47%, in 30 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (393.47) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AON may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See AON weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since December 13, 2024. Use the following link to access a MACD help.

Short-term trend: [See AON short-term trend chart]
A short-term downtrend had started on January 8, 2025 at 353.90 and reached 347.70 on January 10, 2025. AON lost 6.20 points, or 1.75%, in 2 days. The price is now at the 29.03% retracement level.

Daily Technical Indicators: [See AON daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since December 2, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

The price touches the lower Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.17
Williams' Percentage Range (W%R) 96.70
Strong Oversold
Lane's Stochastic (%D-Slow) 11.59
Oversold
Greed/Fear Indicator (GFI) 20.03
Moving Average Converg./Diverg. (MACD) -5.07 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.59
Williams' Percentage Range (W%R) 74.40
Lane's Stochastic (%D-Slow) 22.76
Greed/Fear Indicator (GFI) 31.89
Moving Average Converg./Diverg. (MACD) 14.61
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 413.91
Quarterly Trendline Support 393.47
50 Day Moving Average 370.40
Upper Bollinger Band 367.95
20 Day Moving Average 356.95
Parabolic System 354.05
Weekly Stochastic Crossing 353.89
Price 349.50
Daily Stochastic Crossing 349.27
Lower Bollinger Band 349.27
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Insurance Brokers 52
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 353.90
High Date 01/08/2025
Low 347.70
Low Date 01/10/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 363.10
High Date 12/20/2024
Low 347.70
Low Date 01/10/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 395.30
High Date 11/27/2024
Low 347.70
Low Date 01/10/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 413.91
Support 393.47
Low 268.06
Low Date 04/26/2024
High 395.30
High Date 11/27/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 98.87
Support 82.86
Low 13.30
Low Date 08/08/2002
High 395.30
High Date 11/27/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.